Camping and Caravanning Market By Destination Type (State or National Park Campgrounds, Privately Owned Campgrounds, Public or Privately Owned Land Other Than a Campground, Backcountry, National Forest or Wilderness Areas, Parking Lots and Others), Type of Camper (Car Camping, RV Camping, Backpacking and Others), by Consumer Orientation (Adult Male, Adult Female and Kids), Age (6-12 yrs, 13-17 yrs, 18-24 yrs, 25-44 yrs and 45 + yrs) and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2031

Travel & Luxury Travel

CO23028626

Pages: 260

Feb 2023

Reports Overview

Global Camping and Caravanning Market Analysis

The Global Camping and Caravanning Market Size was $42,384.0 million in 2021 and is predicted to grow with a CAGR of 7.7%, by generating a revenue of $87,653.5 million by 2031.

Global Camping and Caravanning Market Synopsis

The camping tourism is a popular recreational activity where participants travel in order to spend time living in tents, motor homes, or other types of informal, rural accommodation. The market is likely to show significant growth in the forecast period owing to rising spending in camping or caravanning tourism. For instance, Overall, 420 million nights were spent camping or caravanning by EU residents in 2019, of which the UK accounted for 59 m, France 129m, Italy 55m, Spain 41m, Germany 36m and Netherlands 22m. Further, camping and caravanning is green, cheaper and takes less time than foreign travel. For a typical journey comparison, a family would save hours of travel time and spend 92% less on transport costs and save approximately 95% of their CO2 emissions.

Apart from this, introduction of high technology and energy efficiency caravans type mainly geometric, camping pods, two storey caravan, sealander caravan and others are creating a lucrative business opportunity for the carvan business segment that is further supplementing the global camping and caravanning market size. This specific type of caravans is designed in order to its multitude of uses to meet the changing customer preferences.

Despite the advancements in the technology, the global camping and caravanning market share is likely to hamper in the future times. The involvement of tourism regulatory alliances to focus on eco-friendly camping and sustainability solutions is compelling authorities to form stringent norms & guidelines that restricts tourism from conducting specific activities at the destination. Further, factors mainly unexpected fire attacks at camping sites due to negligence from tourists adversely impacting the animals and species is strictly monitored by these alliances. Owing to this, the camping and caravanning market size is expected to show moderate growth in the forecast period.

The most important growth driver for the camping and caravanning market is the technological upgradation in the recreational and leisure vehicles mainly rooftop with A/C units and technology to help reduce road noise to create a truly unique recreational experience and impressive array of technology. This factor is boosting the camping and caravanning market growth.

According to regional analysis, the North America Camping and Caravanning market accounted for $18267.5 million in 2021 and is predicted to grow with a CAGR of 7.4% in the projected timeframe.

Camping and Caravanning Overview

Camping and Caravanning refers to the activity of staying overnight in a tent. The campsites are intended to accommodate tents, caravans, mobile leisure residences and light leisure accommodation. The global camping and caravanning market are likely to show robust growth in the upcoming years owing to rising disposable income, massive funding by tourism alliances to boost tourism industry, rapid technological innovations in recreational and leisure vehicles.

COVID-19 Impact on Global Camping and Caravanning Market

The COVID-19 pandemic has brought several uncertainties leading to severe economic losses as various businesses across the world were standstill. This has ultimately lowered the demand for camping and caravanning due to lack of investment from major market players in exploring new camping destinations. Further, nationwide lockdown, lack of unavailability of sufficient accommodation and services, strict intercity travel restrictions significantly slowdown the market. Moreover, manufacturing and supply of recreational vehicles were hampered significantly due to complexities in supply chain, unavailability of necessary vehicles components & parts, volatility in currency rates, and other factors. Further, changes in trade policies, disruption in import-export activities, unavailability of skilled professionals are other factors hampering the market. Furthermore, delay or cancellation of tourism construction projects due to strict lockdown and travel restrictions has hampered the market growth.

Rising Sales of Recreational Vehicles to Fuel Market Growth

Sales of recreational vehicles is pacing up rapidly at global level majorly due to demand for road trips as a getaway from quarantine and provide a reliable and personal way to travel. Moreover, young generation and millennials are more attracted to this ongoing trend to experience outdoor recreational activities through such vehicles. In addition to this, customers are now preferring to cite health and environmental concerns with traditional travel. The proliferation of solo travellers even inspired the Australian Caravan Club to facilitate a Lone Trekkers special interest group, which includes solo travellers of all ages. Apart from this, according to the European Caravan Federation, A record number of leisure vehicles, which include motorhomes and towable caravans, were sold in Europe in 2020, rising 12 percent to around 235,000 units. Owing to the abovementioned factors, the global camping and caravanning market is likely to fuel in the coming years.

To know more about global Camping and Caravanning market drivers, get in touch with our analysts here.

Stringent Tourism Guidelines to Restrain the Camping and Caravanning Market Growth

Despite a significant rise in the camping and caravanning industry, the market is expected to show moderate downfall owing to stringent guidelines and norms drafted by tourism authorities for sustainability & environmentally friendly camping activities. In order to achieve the same, the guidelines are majorly emphasizing to avoid barbeque facilities wherein there are high chances of fire catch attacks that could destroy the environment and harm animals & species. Also, certain norms are imposed on waste management and using eco-friendly utensils to protect environment. Owing to this, the market is likely to showcase a slowdown in the upcoming years.

Introduction of Advanced Technologies Leisure Vehicles to Drive Excellent Opportunities

The introduction of highly sophisticated technologies embedded in leisure vehicles is creating significant opportunities for the market growth. The leisure vehicles manufacturers are proactively focusing on developing EV battery-powered EV to shed significant weight from our caravans. Further, several new features, making the most of simulation tools, piping and cabling and advanced assembly to deliver a truly unique product. For instance, in June 2021, Truckman launches new innovative has released a new solution to keep the contents of the truck bed safe and secure with the launch of the new Mountain Top Evo-M roller tonneau cover. The durable and corrosion-resistant cover features a cleverly concealed handle ideally for working, as well as family and leisure vehicles. This factor is likely to boost the market in the upcoming years.

To know more about global Camping and Caravanning market opportunities, get in touch with our analysts here.

Global Camping and Caravanning Market, by Destination Type

Based on destination type, the market has been divided into state or national park campgrounds, privately owned campgrounds, public or privately owned land other than a campground, backcountry, national forest or wilderness areas, parking lots and others. Among these, the privately owned campgrounds sub-segment accounted for the highest market share in 2021 is estimated to show the fastest growth during the forecast period.